CUET Accountancy - After forfeiture of share, the amount transferred to capital reserve is | PYQs + Solutions

CUET Accountancy 2025 29 May Shift 2

Company Accounts

Medium

common

Profit on forfeiture plus loss on reissue of forfeited share.

Amount of securities premium debited on forfeiture.

Profit on forfeiture minus loss on reissue of forfeited share,

Balance of amount not yet called.

✅ Correct Option: 3

Related questions:

27 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Separate Legal Entity	(I) A company being a legal person can enter into contracts and can enforce the contractual rights against others.
(B) Perpetual Succession	(II) It can hold and deal with any type of property, It can enter into contracts and even open a bank account in its own name.
(C) Common Seal	(III) The company being an artificial person created by law continues to exist irrespective of the changes in its membership.
(D) May Sue or be Sued:	(IV) The company being an artificial person, cannot sign its name by itself.

Choose the correct answer from the options given below:

24 May Shift 1

Identify the steps of the procedure of share issue:

(A) Allotment of Shares

(B) Receipt of Applications

(D) Share Call

Choose the correct answer from the options given below:

26 May Shift 2

The company has to get minimum subscription within how many days?

CUET Accountancy 2025 29 May Shift 2 PYQs